Blair, Missouri Property Taxes
The median property tax rate in Blair, MO is 0.85%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Blair at $3,600, the typical annual property tax bill is $30, significantly below the national median of $2,690. Property taxes in Blair are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Blair's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Blair or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blair, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$31
Ownwell’s Blair Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Blair with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blair to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan your finances accordingly. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Blair, Missouri
Property taxes in Blair, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blair is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Blair set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blair estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Blair's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 68008 has a median property tax rate of 0.85%, consistent with Blair's rate. Understanding how these cities compare with Blair provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blair Tax Rate
0.85%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blair, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68008 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Blair, Missouri
In Blair, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Morgan County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Blair are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Blair helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blair Assessed Value
$3,600
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blair, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68008 | $3,600 | $3,600 | $3,600 | $3,600 | $3,600 |
Source: Ownwell
Property Tax Bills Across Blair, Missouri
In Blair, Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value generally represents a percentage of the home's market value. For homeowners in Blair, the median home price stands at $3,600. Property tax rates in this region are then applied to the assessed value to determine the final tax bill. Several factors influence the total tax bill, including the property's location, any applicable exemptions, and specific levies imposed by local government entities. Homeowners in Blair typically see tax bills around $30, consistent across various percentiles, suggesting a relatively uniform tax rate in this region. Compared to the national median property tax rate of 0.99%, Blair's property tax rate appears to be significantly lower, providing a more affordable option for homeowners. This lower tax burden can positively impact homeowners by reducing their annual expenses, making Blair an attractive place for property investment.
Average Blair Tax Bill
$30
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Blair, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68008 | $30 | $30 | $30 | $30 | $30 |
Source: Ownwell